FSB: ‘no immediate case’ for aligning rehypothecation rules
Better monitoring of global collateral reuse will give regulators a clearer understanding
There is "no immediate case" for harmonising regulations on rehypothecation, as diverse approaches in different jurisdictions still have common aims, the Financial Stability Board (FSB) has concluded.
At the same time, the FSB urges its members to monitor collateral reuse at the global level, which it says will be an "important step" towards "obtaining a clearer understanding" of collateral reuse in the securities financing markets.
Rehypothecation, on the FSB's definition, is any use of client
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